Article ID: | iaor1991417 |
Country: | Netherlands |
Volume: | 16 |
Issue: | 3 |
Start Page Number: | 209 |
End Page Number: | 212 |
Publication Date: | Jun 1989 |
Journal: | Engineering Costs and Production Economics |
Authors: | Goyal S.K. |
Keywords: | joint replenishment |
This paper deals with the problem of determining economic ordering policy for products jointly ordered from a single supplier. Constant rates of demand for each product are assumed. Shortages are permitted but they cannot be back-ordered. A procedure is developed for determining the economic ordering policy.